Costa Media is pleased to announce that it has recently secured a €550,000 equity investment round from two leading iGaming investors, Growth Box Ventures (GBV) and Dreamworx, which will fund the growth of existing assets and expansion to new markets.
Costa Media, founded in 2019, is an iGaming affiliate company with websites in Europe and Latin America. The new funding round will enable the Malta-based affiliate company to accelerate the organic growth of its core assets and invest into new opportunities in key markets.
The company has shown some early traction in Portugal with websites such as mistercasino.pt and oddsdesportivas.pt, and has plans to launch both brands in Spain, Brazil and Mexico in the coming months.
Gonçalo Costa, co-founder & CEO of Costa Media, believes this seed funding brings far more opportunities than just the investment, “We are very excited about having GBV and Dreamworx as investors and partners. Along with the investment, their entrepreneurial background, vast industry network and strategic support will help us take the business to the next level as we grow into different markets.”
Bernardo Moreira, co-founder & CBO of Costa Media, sees the investment as an opportunity to deliver better and faster results to operators, “With this investment, Costa Media will be able to meet our clients’ needs quicker and at a much higher standard. The value added to our assets and audience, will position us as the go-to solution for operators entering Portuguese and Spanish speaking markets.”
Other terms of the investment have not been disclosed.